PayPal Payments Pvt Ltd, the Indian arm of global fintech major PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to function as a Payment Aggregator for Cross-Border Exports (PA-CB-E), the company announced on Tuesday.The regulatory approval marks a significant development in PayPal’s India operations and reinforces its role in enabling secure cross-border payment solutions for Indian exporters. With this move, PayPal aims to support Indian small businesses and freelancers in accessing approximately 200 international markets more efficiently, PTI reported.“The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal. It reflects the strength of India’s regulatory vision and the progress toward seamless, secure cross-border transactions. As India grows into a global export hub, PayPal remains committed to empowering Indian businesses with trusted digital payment solutions,” said Nath Parameshwaran, Senior Director – Government Relations at PayPal India.The development comes amid robust export performance by India, with outbound shipments reaching USD 73.8 billion in April 2025, highlighting strong momentum in global trade.Over the years, PayPal has introduced a growing range of localised solutions in India such as PayPal Checkout, PayPal Invoicing, and no-code checkout tools. These are aimed at simplifying international commerce for micro, small, and medium enterprises (MSMEs).“We have been operating in India for more than a decade, enabling small businesses and freelancers to participate in global commerce through trusted and secure payment solutions. As trade dynamics shift, presenting new challenges and opportunities, we stand by our customers as they expand into new trade corridors and meet evolving global customer expectations,” said Abid Murshed, Head of Sales at PayPal India.According to the company, the RBI’s in-principle approval enables PayPal to continue providing cross-border payment services within a regulated environment, ensuring greater transparency, consistency, and security for Indian merchants conducting global transactions.The company added that the approval will pave the way for new opportunities in local product innovation, improved user experiences, and broader access to PayPal’s international payment ecosystem for Indian enterprises of all sizes.
